China Cellphone Export Down in Aug 2016

[2016-11-24]

According to China Customs statistics, during January-August 2016, China exported 790 million cellphone sets, down 1.8% year-on-year (YOY); export value at RMB405.77 billion yuan, down 5.1% YOY; average export price at RMB515.2 yuan per set, down 3.4% YOY. Therein, August export quantity was 98.051 million sets, down 13.9% YOY; value at 49.49 billion yuan, down 2.5% YOY; average price 504.7 yuan per set, up 13.3% YOY.

1. Characteristics of China Cellphone Export in August 2016:

(1) August export quantity reduced by much and price remained low: China cellphone export monthly dropped following a record high in November 2015 and started to rebound in March 2016. This August, the export quantity went down again, recording 98.051 million sets, down 13.9% YOY and 9.7% MOM (month-on-month); average export price was on the decline from 685.1 yuan/set of last October, with August price at 504.7 yuan, up 13.3% YOY but down 1.5% MOM, remaining on the low side. See the chart below: